Yesterday’s panic is today’s afterthought. Just 24 hours after testing $4,095 — the level we called the line that must hold — gold has ripped back to $4,180, its biggest one-day rebound since August. The fourth defense of the 4,091–4,100 zone has succeeded, and the metal’s autumn story has flipped from funeral to comeback in […]
4,095. Gold traded down to that number on Tuesday — within $140 of the year’s low — before closing at 4,108. The metal has now given back two-thirds of August’s recovery rally, and it has arrived at the level that separates a bad quarter from a broken trend. Why 4,091–4,100 matters so much Three times […]
4,198. That’s where gold closed the week — down marginally for October, 10% below the August recovery high, and 15% below April’s record. The metal has spent three weeks pinned between 4,091 and 4,259, and the longer this compression lasts, the more violent its eventual resolution will be. The bull case, on its last legs […]
Gold’s September has gone from disappointment to rout: the metal has fallen from 4,396 to near 4,200, and every attempt at a bounce has been sold within hours. Assigning blame is easy — there are three culprits, and they all point the same way. Culprit one: the revived dollar August’s dollar stall is history. The […]
Gold’s magnificent August is being unwound, fast. The metal has fallen from its late-August peak near 4,558 to a low of 4,143 this week, closing near 4,186 — a decline of more than 8% in seven sessions. The summer recovery, which had carried gold from 3,955 to within sight of the June breakdown at 4,578, […]